August 26, 2016

Arrow Electronics offering $1M to promising tech products on Indiegogo

A Colorado tech giant plans to fund promising new tech products on crowdfunding site Indiegogo with $1 million each.

The Denver Post reports that Centennial-based Arrow Electronics, the state’s largest public company, isn’t taking an equity stake. Rather, the company is hoping the startups it funds become loyal customers of Arrow’s down the road. In addition to the funding, Arrow says it will provide technical and design expertise to thousands of Indiegogo campaigns.

A Colorado tech giant plans to fund promising new tech products on crowdfunding site Indiegogo with $1 million each.

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The Denver Post reports that Centennial-based Arrow Electronics, the state’s largest public company, isn’t taking an equity stake. Rather, the company is hoping the startups it funds become loyal customers of Arrow’s down the road. In addition to the funding, Arrow says it will provide technical and design expertise to thousands of Indiegogo campaigns.

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